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Duplex with Updated Electrical System
For Sale
$239,000

803 Elm Street, Hancock, MI 49930

MULTI_FAMILY - Hancock, MI

Property Size3,040 SF
Lot Size0.13 Acres
Price / SF$78.62
Days on Market79

Property Features for 803 Elm Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 3
Full bathrooms 2
Half bathrooms 1
Rooms Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Basement, Bedroom 1, Bedroom 6
Patio and Porch features Porch
Interior features Cable/Internet Avail., Hardwood Floors
Exterior features Porch, Satellite Dish
Subdivision Hancock Copper Mining Cos Add
Elementary school district Hancock Public Schools
Middle school district Hancock Public Schools
High school district Hancock Public Schools
Standard status Active
Size 3,040 SF
Lot size 0.13 Acres

Taxes and HOA fees

Tax Annual Amount 3907

Utilities

Heating system Hot Water(Heating)
Cooling system Ceiling Fan(s), Central Air
Water source Public

Building Details

Year built 1910
Number of units 2
Architectural style Other
Listing Agency: STATE WIDE OF HOUGHTON
Listed By: JENNIFER DEEPHOUSE · License #UPAR
Added: Jun 16 Changed: Aug 2 Last Checked: Sep 2 at 7:06PM
MLS# 50211634

Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Well-maintained duplex with completely updated electrical system and front and rear entrances for both units. The main floor unit offers one bedroom, kitchen, and bathroom, with access to an enclosed front porch. The upper unit is spread across two levels, with two bedrooms on the first level (the living room can serve as a third), a full bathroom, and a kitchen; the top level includes two additional bedrooms with air conditioning, a sitting area, and a half-bath.

A shared basement provides laundry facilities accessible from the rear of both units. Parking is described with the main floor unit using side parking, while the upper unit uses the parking area accessible from the alley. The current leases run through May 2027.

Built in 1910, the property is heated with hot water heating and features central air plus ceiling fans. Interior features include hardwood floors and cable/internet availability. Exterior features include a porch and a satellite dish, with public water service noted.

Key Highlights

  • Completely updated electrical system
  • Front and rear entrances for both units
  • Upper unit spans two levels with four bedrooms plus sitting area

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Nail Salon Electrical Service Kitchen & Bath Showroom HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

346
Businesses Nearby

Demographics for 49930, MI

7,135
Population
3,366
Households
2.1
Avg Household Size
36
Median Age
44%
College-Educated
96%
High-School Grad
49.5 sq mi
ZIP Area
144
Density / Sq Mi
$67,946
Median Household Income
$31,847
Median Earnings
$749
Median Rent
$211,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Well-maintained duplex with front and rear entrances, central air, and shared rear-access laundry facilities.
Where is this duplex located?
The property is located at 803 Elm Street Hancock, MI.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Completely updated electrical system; Front and rear entrances for both units; Upper unit spans two levels with four bedrooms plus sitting area
More about this property
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